Santa Monica Dirt: Prices are Back Up!

This week’s dirt space is dedicated to driving home the point that the Santa Monica market is back to price levels we had not seen since 2007. Nice 2-story homes are selling for up to $1,000 per square foot and Buyers are clamoring to get them. If you have thought at all about selling, now, before capital gains taxes are raised, may prove to be the best time in years. Call me for a no obligation, updated price opinion and see if it makes sense for you to sell now.

Here is your real estate news:

New Listings this week

557 12^th St. –   6bd + 5.5ba.  $3,750,000.  Mediterranean home on one of the most desirable streets north of Montana on a beautiful corner lot. People love 12th St. because it dead ends into Georgina.

702 21^st St. –   2bd + 2.75ba.  $2,200,000.  Listed by Pence Hathorn Silver.  South west corner of 21^st  St. and Alta. Prime Gillette’s Regent Square 60×149 lot value trust sale.  Price chosen to attract multiple, over list price offers.  Open Sunday Sept. 30^th. 

2225 Montana Ave. –   2bd + 1ba.  $1,525,000. Listed by Pence Hathorn Silver.  Hard to find 90403 triplex in the Franklin School Dist. Very private, fenced front yard, patio and garden areas in the back. 1 bedroom unit will be vacant at close of escrow.

Sales this week

405 9^th St. –   5bd + 3ba.  $2,795,000.   Remodeled and with good indoor and outdoor flow.  Guest house/ apartment in the back.  Last sold in October 2009 for $2.5 million.

Closed Deals this week

212 24^th St.-  5bd + 4.5ba.  $4,849,000.   Sold in a week!  Listed by Pence Hathorn Silver.

309 18^th St.-  4bd + 3.5ba.  $3,750,000.   Last sold in 1994 for $975,000.

266 19^th St.-  5bd + 5.5ba.  $3,687,500.   Corner 0f 19^th St. and Georgina Ave.   Built in 1980, kitchen has been updated.

550 10^th St.-  5bd + 4.5ba.  $3,200,000.   Last sold in June 2003 for $2,400,000

615 24^th St.-  3bd + 4ba.  $2,689,000.   Last sold in August 2003 for $2,025,000.

Pence Hathorn Silver Active Properties:

523 S. Burlingame Ave. – 5bd + 7ba – $5,795,000

825 Berkeley St. – 4bd + 5.5ba – $3,995,000

551 Lincoln Blvd. – 5bd + 4.5ba – $2,998,000

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave community on our North of Montana blog.

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And please call me at (310) 458-4024 with any questions.